The Goal of Managerial Accounting Is to Provide Information That

question 10

Multiple Choice

The goal of managerial accounting is to provide information that managers need for

• A)planning, control, and financial reporting.
• B)control, evaluation, and financial reporting.
• C)planning, control, and decision making.
• D)preparing reports for external users.

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Definitions:

Competence

The ability of an individual to perform a job or task correctly, or in legal terms, the capacity to stand trial or make legally binding decisions.

Nondisclosure

An agreement in which one party agrees to keep certain information confidential and not to share it with third parties.

False Assertion

False Assertion occurs when an inaccurate or untrue statement is made, particularly in contexts where the truthfulness of statements is critical, such as in contracts or testimonials.

Nondisclosure

An agreement or principle that restricts the sharing of confidential information or secrets with unauthorized parties.